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Microfinance

Background information on micro financing and the advantages and disadvantages.

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Advantages 
Provides financial access to people who are poverty 
microfinacing is profitable 
Empowers women 
Breaks poverty cycle 

Disadvantages 
Difficult to manage with poor administration
Interest rates are not much lower than money lenders 
Doesnt provide skills or training 

Alternatives
Self help women groups who collectively take loans from mainstream banks
Gonverment subsidies bank interests in India

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